Pason Systems Inc reports results for the quarter ended June 30 - Earnings Summary

• Pason Systems Inc PSI.TO reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of three analysts for the quarter was for earnings of 16 cents per share. Wall Street expected results to range from 15 cents to 18 cents per share.

• Revenue rose 0.6% to C$96.42 million from a year ago; analysts expected C$97.30 million.

• Pason Systems Inc's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of C$12.65 million.

• Pason Systems Inc shares had fallen by 4.5% this quarter and lost 13.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Pason Systems Inc is C$16.00, about 26.5% above its last closing price of C$11.76

This summary was machine generated from LSEG data August 7 at 12:27 a.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)